Shares of Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) traded down 3.7% during trading on Tuesday . The company traded as low as $2.28 and last traded at $2.31. 6,000,065 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 9,932,055 shares. The stock had previously closed at $2.40.
Analyst Upgrades and Downgrades
RZLV has been the subject of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They set an "overweight" rating and a $5.00 price objective for the company. Northland Securities began coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an "outperform" rating and a $5.00 price target on the stock. Northland Capmk upgraded Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 17th. Maxim Group assumed coverage on Rezolve AI in a research report on Thursday. They set a "buy" rating and a $10.00 target price for the company. Finally, D. Boral Capital reaffirmed a "buy" rating and issued a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $6.40.
Read Our Latest Stock Analysis on RZLV
Rezolve AI Trading Up 24.9 %
The company has a fifty day simple moving average of $3.00.
Institutional Investors Weigh In On Rezolve AI
A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 131,250 shares of the company's stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent quarter. Institutional investors own 27.96% of the company's stock.
Rezolve AI Company Profile
(
Get Free Report)
Rezolve Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.
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